BTC ADA BCH XRP IOTA DCR crypto market wrap vol 14 issue 1 June 3, 2018 11:59 AM EST

NOTE:  The slow grinding short term bullish trend continued today and all patterns/trade strategies shared in prior posts are still in play.  We’re sharing a number of charts we haven’t covered recently in this post (and will follow up with more tomorrow like ETH, DASH, NEO and  XMR) to help offer an even broader picture of the crypto market that supports the current set up which is

SLIGHT EDGE TO BULLS

Why only a slight edge?   Here’s a couple of takeaways that help explain:

  1. Strong bull waves don’t like to wait around for everyone to join in and make money and this market is moving WAY slower than typical bull waves (with a few exceptions –see BCH chart below).
  2. Volumes are very low and we’re seeing almost NO “moon shots” or even pump and dump type bull moves — those usually happen even if BTC goes DOWN, so this is a red flag to get a bit more defensive.

Charts show a lot more details– We think DCR is especially interesting and worth watching as it’s still under the radar but has a very strong set up for a HUGE MOVE that for some reason simply is not happening…YET (which we think could also be true for the entire market)

Bottom line is there will be higher probability set ups for entering trades so review your positions and be sure you have 100% confidence in each position or adjust it and have ONLY CLEARLY DEFINED SAFE TRADES IN PLACE.

MULTIPLE CHARTS — GRINDING OR COILING?

NOTE: Gaps tend to get filled and now XBT has gaps above AND below current price — keep that in mind in all ST trade strategies.  XBT chart from Friday shown for refernces 1st:

If you have any altcoins you want to see updated please write us at cryptopatterns@gmail.com and we’ll try to include as soon as possible.

xbt 5 31 market wrap

Showing all charts vs BTC as market continues to move with BTC and we want to see which altcoins have highest prob of outperforming BTC….

adabtc market wrap 6 3

BCH

bchbtc market wrap 6 3

BTCUSD

btc market wrap 6 3

DCR Decred

dcr market wrap 6 3

IOTA – note this was special request chart from earlier- has similar set up to BCH but dropped today–pattern still valid as we post this:

IOTA LT review 6 3

XRP

xrpbtc market wrap 6 3

 

This site is for educational and entertainment purposes only and not in any way intended to be investment or trading advice.  You are 100% responsible for your financial decisions at all times.  It is highly recommended you DO NOT  make any investment or trading decisions depending upon what you read on this blog/newsletter!  All information presented (c) 2018 JBP cons, inc.  All rights reserved

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BTC XBT STR XLM crypto market wrap v 13 issue 14 May 31, 2018 11:59 AM EST

NOTE:   LONG TERM UPDATE COMING SOON. 

New month starts tomorrow — As we have done the last 2 months for subscribers (see category on your right), we will be doing a LONG TERM UPDATE for key cryptos in the next few days that will cover “big picture” for the crypto market with detailed charts and UPDATED LONG TERM TARGETS –we think this is valuable for evaluating IT/LT trading strategies — so watch for that….

Now for today’s update:

As noted in yesterday’s market wrap there were multiple bullish signs that indicated we might see the bearish reversal pattern fail and that’s exactly what happened.

However, unlike a powerful bullish wave like we saw late in 2017 we didn’t explode higher but instead drifted back right to the pattern failure level — leaving us with mixed signals.

We’re sharing a few key charts here to show you why we still see a

SLIGHT EDGE TO BULLS

HERE’S THE ROADMAP FOR TOMORROW

If current probabilities play out, we should see some strength soon (as in next 1-2 days) an go fill that gap at 81xx on the XBT chart (Shown below) — STR/XLM (shown below) is saying large altcoins will likely go along for the ride GNT (chart not shown- see yesterday’s post) dropped hard but has started today’s trading with a solid reversal pattern, so that’s worth watching too

If we DON’T see strength in BTC XBT, STR, and possibly GNT then we’re likely to retest $7250 BTC with altcoins dropping as hard or harder and it will be time to watch LTC to see if its going to break its $100 crash low.

Whatever happens, we’ll be watching closely as there are multiple indicators and news that show big moves on deck sooner rather than later — the weekend is coming EOS is going live among other things…..

Don’t play games with your trading in this volatile set up.  STAY SAFE = Have a clear trading plan and execute without hesitation.

3 CHARTS  –  GAP FILL OR TEST CRASH LOWS — WE’LL KNOW SOON.

btc market wrap 5 31xbt 5 31 market wrapxlmbtc 5 31 market wrap

This site is for educational and entertainment purposes only and not in any way intended to be investment or trading advice.  You are 100% responsible for your financial decisions at all times.  It is highly recommended you DO NOT  make any investment or trading decisions depending upon what you read on this blog/newsletter!  All information presented (c) 2018 JBP cons, inc.  All rights reservedD

BTC XBT GNT TRX crypto market wrap vol 13 issue 12 May 30, 2018 9:00 PM EST

NOTE: There are MANY things we’re watching in the crypto market :

  1.  Let’s start with a LOT of big events — TRON has a mainnet launch scheduled for TOMORROW, EOS on June 1 or 2 — here’s a link to a calendar to see more https://coinmarketcal.com/
  2. BTC and other key cryptos showed a bearish higher high reversal in price today
  3. We still haven’t seen crash lows broken for LTC and BTC
  4. GNT — showing great strength — patterns are big fans of GNT as we’ve shown in multiple recent posts — but what does a huge green up day mean when BTC is reverrsing bearish?

Let’s add to that list that tomorrow is May 31 which means the end of a MONTHLY candle – that can cause some fireworks in the trading programs of whales, bots and algorithms.

We’re watching more but we’ll stop for now, share some key charts and update as needed.

Bottom line is we’re set up for BIG MOVES and the weekend is right around the corner — this is a very good time to STAY TUNED.

5 CHARTS BTC AND LARGE ALTCOINS SAY WE GO LOWER BEFORE WE GO HIGHER — GNT AND OTHER INDICATORS SAY MAYBE A BULLISH SURPRISE….

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click on GNT link for prior charts and trade strategies

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5/12 TRX chart shown below for reference trx market wrap 5 30

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This site is for educational and entertainment purposes only and not in any way intended to be investment or trading advice.  You are 100% responsible for your financial decisions at all times.  It is highly recommended you DO NOT  make any investment or trading decisions depending upon what you read on this blog/newsletter!  All information presented (c) 2018 JBP cons, inc.  All rights reserved

BTC XBT BCH ZEC crypto market wrap Vol 13 issue 9 May 15, 2018 12:45 PM EST

NOTE:  ZEC has a very bullish chart at the moment.  Unless we see some sort of a huge volume crash (low to mod prob) ZEC is high prob to retest the current highs and the pattern targets are of course much higher.

So ZEC leads us to the following question — Is ZEC going to move higher while BTC and the rest of the crypto market tanks?  While there is very good news for ZEC, a big move up without BTC moving up as well would be unprecedented (at least for last 2 years).

On the other hand, they can crash the entire market to new lows INCLUDING ZEC and BTC — that we’ve seen before!

We think ZEC and BTC are good market indicators — the charts below show a few more.

GENERAL TRADE STRATEGY NOTES (also see yesterday’s post as BTC $8400 level still very much in play):

1.While they can take price wherever they want at any time — we’re staying with IT edge to bulls but the lack of follow through leaves ST slight edge to bears = STAY CAUTIOUS AND DEFENSIVE is highest prob for safety and profitability ST — there will be time to get aggressive when better pattern set ups emerge.

2. We scanned the smaller altcoin market cryptos that had very bullish charts — most are pulling back and threatening bearish moving average crosses — GNT, OX and DGB are examples.  We think the charts below mean more to the market than the small altcoins but we’re watching and will post updates as patterns emerge.

3. We’ve shared stop levels in prior posts and also encouraged trailing stops or taking some profits — NOTHING is going up and staying up– until it does — and we can’t just guess when they will be and trade safely.

3 CHARTS  – BCH ADDED TO “WATCH LIST”

BTC chart not show but if we close above yesterday’s low that would be a bullish lower low reversal pattern = more upside likely.  Same set up here for XBT but don’t rush to add to long BTC positions — plenty of bearish signs at the moment….

xbt market wrap 5 15ZEC market wrap 5 15bchbtc market wrap 5 15

 

This site is for educational and entertainment purposes only and not in any way intended to be investment or trading advice.  You are 100% responsible for your financial decisions at all times.  It is highly recommended you DO NOT  make any investment or trading decisions depending upon what you read on this blog/newsletter!  All information presented (c) 2018 JBP cons, inc.  All rights reserved.

BTC XBT ZEC crypto market wrap Vol 13 Issue 8 May 14, 2018 1:00 AM EST

NOTE:  We got the strong move up patterns called for.  Yesterday’s BTC update and trading strategy is right on target and can still be used for defining trades (can be adjusted for most large altcoins as well)

We’re adding an updated chart of ZEC because of the strong bullish move today — we think it’s a great example of seeing bullish signs (as we posted a week ago) but the trade not working out AT THAT TIME — reentry trades can be very safe and very profitable-could have reentered at various points AFTER the big move with a variety of SAFE high prob trading strategies –so if you like the bullish case for a crypto — keep studying and find another safe entry — no one bats 100% in trading.

As for the crypto market — charts tell the story but we’ll add that there are multiple signs of increasing volatility so we think it’s important that we see some follow through for BTC and key altcoins.  If the bulls drop the ball here we expect to become MUCH more defensive in our trailing stops and trading strategy.  Stay alert and STAY SAFE — high prob big moves are coming (bigger than today) and profits are never guaranteed.

2 CHARTS — The two key cryptos going into tomorrow

Trading strategy tip — $8400 continues to be a key price level for $BTC — can be useful in a variety of trades, position mgmt, etc  (using closing price if at all possible)

xbt market wrap 5 14zec market wrap 5 14

 

 

This site is for educational and entertainment purposes only and not in any way intended to be investment or trading advice.  You are 100% responsible for your financial decisions at all times.  It is highly recommended you DO NOT  make any investment or trading decisions depending upon what you read on this blog/newsletter!  All information presented (c) 2018 JBP cons, inc.  All rights reserved.

BTC XBT BCH ETH EOS crypto market wrap Vol 13 Issue 6 May 10, 2018 9:50 PM EST

NOTE:  After a bullish start to the trading day, things turned down sharply which fits perfectly with the XBT chart 1 hour pattern “retest” of the right shoulder we mentioned yesterday.

Now we’re right at breakdown levels with targets $8000 – $8400 — however, once again we seem to be stalled at $9000 as we post this market wrap.

Looking at the Altcoin Market, many of them (larger and smaller) are dropping more rapidly than BTC — but that’s not necessarily a sign we’re heading much lower.  Some altcoins are looking pretty darn strong (EOS chart shown below and ZRX to name 2) and ETH and BCH are hodling up very well given where they were a month ago.  Don’t forget in general most altcoins moved up much faster than BTC over the last month.

The bottom line is EVERYTHING IS MOVING SAME DIRECTION AS BITCOIN (with rare exceptions of course–but overall that correlation is still very much in tact).

TRADE STRATEGY

It’s clear we’re in a “shakeout” pattern which means don’t expect “moonshots” for your ST/IT positions.  Trailing stops should be in place and honored (or take some profits!) — taking a small loss once in a while is good for LT trading success -honor your clearly defined trading plans!!

  Further,  we indicated multiple times to be VERY picky about which altcoins you choose to trade,  as some are performing far more bullishly than others.  We have many charts to study in prior posts — if you have questions feel free to write us at cryptopatterns@gmail.com

For now, we’ll update the big 4 and you  can clearly see the set up that could result in a BIG move in the next couple of days.

THE BIG 4 – CHECK THESE CHARTS AGAINST ALTCOINS YOU’RE TRADING AND BE SURE YOU HAVE A STRONG BULLISH CASE FOR ANYTHING YOU’RE HODLING.  (Can always reenter when more bullish!)

NOTE:  Current ST pattern from yesterday shown first for XBT – then updated daily chart with current set up.

ALSO– There are some SMALL differences in the charts so far in today’s trading between poloniex and coinbase — we don’t think they are significant enough to change the probabilities shown below but we’ll update tomorrow if that divergence seems to mean something important.

xbt 1 hour 5 9xbt 5 10 market wrapethbtc 5 10 market wrapEOSbtc 5 10bch 5 10 market wrap

 

This site is for educational and entertainment purposes only and not in any way intended to be investment or trading advice.  You are 100% responsible for your financial decisions at all times.  It is highly recommended you DO NOT  make any investment or trading decisions depending upon what you read on this blog/newsletter!  All information presented (c) 2018 JBP cons, inc.  All rights reserved.

BTC XBT Bitcoin real time update May 9, 2018 11:00 PM EST

NOTE:  Prior market wraps and updates are all still in play as price for BTC and altcoins has stayed in a fairly tight range over the last few days.

XBT updated charts below show the current set up for BTC futures that should prove to be a useful indicator for large altcoins and the crypto market (though keep an eye on large alts for large moves just to be sure — nothing we’re seeing at the moment).

Patterns indicate that current consolidation should break out or break down soon but based on XBT indicators shown below we are adjusting probabilties as follows:

Shott Term (ST) Edge = NO TRADING EDGE

Intermediate Term (IT) Edge = SLIGHT EDGE TO BULLS (this is new)

Long Term (LT) Edge = Edge to Bulls

Remember theses are probabilities not guarantees — trade safely!

2 CHARTS  XBT / Bitcoin has the ball

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This site is for educational and entertainment purposes only and not in any way intended to be investment or trading advice.  You are 100% responsible for your financial decisions at all times.  It is highly recommended you DO NOT  make any investment or trading decisions depending upon what you read on this blog/newsletter!  All information presented (c) 2018 JBP cons, inc.  All rights reserved.